The IASB published for public comment an ED of proposed amendments to the IFRS for SMEs, which it developed based on its initial comprehensive review of the IFRS for SMEs.

Most of the proposed amendments clarify existing requirements or add supporting guidance, rather than propose changes to the underlying requirements in the IFRS for SMEs.

The ED is open for comments until 3 March 2014.

Please find herewith attached the press release.